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Apr 12, 2013
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and as debt ceiling once again approaches. i deed it was made all the more worrisome by the house republican hearing yesterday that focused on the debt ceiling in terms of the possibility of obligations, ur obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you so much, mr. levin. again,s this my pleasure to welcome secretary jack lew back to the committee on ways and means. we look forward to your testimony. the committee received your written statement t will be made part of the formal record and secretary lew, you're recognized for five minutes. >> thank you very much, mr. chairman and thank you, mr. chairman, ranking member levin for your gracious welcome here today. it's an honor to appear and present the president's budget for next year. i sit here as chairman noted surrounded by four decades of memories of many important occasions when bipartisan cooperation has m
and as debt ceiling once again approaches. i deed it was made all the more worrisome by the house republican hearing yesterday that focused on the debt ceiling in terms of the possibility of obligations, ur obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you so much, mr. levin. again,s this my pleasure to welcome secretary jack...
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Apr 17, 2013
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possibly defaultings circumstance with the debt ceiling. and part of the reason why some have suggested that the debt ceiling is problematic and our need to raise it is problematic. it's because of a misconsumption as it relates to the debt ceiling represents. isn't it a backwards looking vehicle that gives the administration the opportunity to pay for bills that have already been encouraged. >> that's correct. most of the obligation that have been incurred or many obligation relate to policy and decisions that were made during the eight years of prior administration. that would include the tax cut. >> absolutely. >> and include the prescription drug benefit. conclude the entered to as it relates to iraq weapons of mass destruction that never found. >> all spending authorized by congress is included. and the spending you have described is all part of what is being covered. >> based on your experiences in clinton administration, it would be fair to say that perhaps the best strategy in order to deal with the debt problem as well as the defic
possibly defaultings circumstance with the debt ceiling. and part of the reason why some have suggested that the debt ceiling is problematic and our need to raise it is problematic. it's because of a misconsumption as it relates to the debt ceiling represents. isn't it a backwards looking vehicle that gives the administration the opportunity to pay for bills that have already been encouraged. >> that's correct. most of the obligation that have been incurred or many obligation relate to...
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Apr 14, 2013
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the president was clear that we would not negotiate around the debt ceiling, that the debt ceiling needs to be increased to take care of spending that is already past by this congress. therefore, we should not be manufacturing crises like the sequester. we need to turn off the sequester and make sure we don't lose hundreds of thousands of jobs. washington should return to regular order and we should let his messes and the american consumer have the confidence -- and let businesses and the american consumer have the confidence that washington will not manufacture another crisis. >> thank you for being here. some of us like regular order and we like the rule of law. and i have four quick questions for you. a of title 49 in the u.s. code statutorily defined slow enforcement personnel as individuals authorized to carry and use firearms are vested with the police power of arrest and are identifiable by appropriate markings of authority. with sequestration in the debt crisis in mind, should federal onncies spend federal funds law-enforcement uniforms for federal employees that do not meet this
the president was clear that we would not negotiate around the debt ceiling, that the debt ceiling needs to be increased to take care of spending that is already past by this congress. therefore, we should not be manufacturing crises like the sequester. we need to turn off the sequester and make sure we don't lose hundreds of thousands of jobs. washington should return to regular order and we should let his messes and the american consumer have the confidence -- and let businesses and the...
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Apr 12, 2013
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and i've always agreed, as the gentleman said, the debt ceiling is something that is necessary for the operations of government. we'll bring a bill forward that will ensure that we don't go into default, but i do think that we should be mindful of how we're going to tell the public we're going to go in the future and pay off these debts. because as the gentleman has many children and grandchildren, he doesn't want his kids nor do i want mine to be shouldering the debt and paying our bills. we should be really committing ourselves not to just borrowing more, not to just taking more from taxpayer dollars because we've done a lot of that this year already. the gentleman talks about the need to proceed with revenues. we already have close to $650 billion i of additional static revenues, taxes that are accounted for because of the fiscal cliff deal. so it's not that there's no revenues in the mix here. so again i look forward to working with the gentleman. i appreciate his commitment to longevity in this country, sustaining economic growth or at least restarting it again so we can sustain i
and i've always agreed, as the gentleman said, the debt ceiling is something that is necessary for the operations of government. we'll bring a bill forward that will ensure that we don't go into default, but i do think that we should be mindful of how we're going to tell the public we're going to go in the future and pay off these debts. because as the gentleman has many children and grandchildren, he doesn't want his kids nor do i want mine to be shouldering the debt and paying our bills. we...
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Apr 15, 2013
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>> i remember when gabby came on the floor for the first time during the debt ceiling deal and you know, we were in a very polarized state of mind then. it was a very tough situation and gabby's presence melted a lot of frozen hearts on the house floor. and given that we've had someone so close to us affected directly by gun violence, hopefully you know, if there's anybody that can impact a frozen republican heart, gabby can. iç think also, it's important note, chris, that tomorrow we will dedicate the zimmerman room in honor of gabby's staffer who was the first staffer killed in the line of duty who was killed during the tucson shooting and we'll dedicate that room in the capital visitors' center tomorrow. >> we have seen, some of the newtown victims' families, obviously having an effect, 16 republicans crossing over cloture to start the debate. the emotional appeal on this issue at least right now is paying political dividends. >> it's just common sense. >> yes, ma'am. >> this is beyond emotion, it's common-sense. >> okay, i want to switch to immigration. a topic important to you as
>> i remember when gabby came on the floor for the first time during the debt ceiling deal and you know, we were in a very polarized state of mind then. it was a very tough situation and gabby's presence melted a lot of frozen hearts on the house floor. and given that we've had someone so close to us affected directly by gun violence, hopefully you know, if there's anybody that can impact a frozen republican heart, gabby can. iç think also, it's important note, chris, that tomorrow we...
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Apr 18, 2013
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obviously the debt ceiling is another point of which we will face with how to deal with the spiraling debt and out-of-control spending in washington, and i know the h desire to see the reduction i the need to borrow, the balancing of our budget and actually a return to a real growth in america of jobs, of the economy, of economic opportunity for all. and it is in that spirit that i know that he approaches this issue and so do i and i would say to the gentleman, when the rating agencies look at the credit worthiness of our nation -- and i think some of which have said as much -- it is, yes, to observe a political system that works, but it is also to make sure that there is demonstrable evidence that we are making progress in dealing with the problem. and that is the focus that we must all maintain. i mean, we know that the dispr portionate problem of the debt -- disproportionate problem of the debt have to deal with the unfunded liabilities of the entitlement programs. and we can see the white house and the president call for tax increases every other day, every day for that matter, an
obviously the debt ceiling is another point of which we will face with how to deal with the spiraling debt and out-of-control spending in washington, and i know the h desire to see the reduction i the need to borrow, the balancing of our budget and actually a return to a real growth in america of jobs, of the economy, of economic opportunity for all. and it is in that spirit that i know that he approaches this issue and so do i and i would say to the gentleman, when the rating agencies look at...
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Apr 13, 2013
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that is the spirit in which i think the majority approaches the debt ceiling, to say, how are we going to tell the people that we're going to pay off the debt that we have now gone ahead and incurred. i think a little bit of forethought here, planning into the future, how are we going to pay the bills, is the emphasis. and i have always greed as the gentleman said, the debt ceiling something that is something that is necessary. we will bring a bill forward. i do think that we should be mindful of how we are going to tell the public we're going to go into the future and pay off these debts. as the gentleman has many children and grandchildren, he doesn't want his kids, nor do i want mine to be shouldering the debt and paying our bills. we should be really committing ourselves to not just borrowing more, not to just taking more from taxpayer dollars, because we have done a lot of that this year already. the the gentleman talks about the need to proceed with revenues. we already have bationed on some $50 billion of status revenues, taxes that are accounted for because of the fiscal cliff
that is the spirit in which i think the majority approaches the debt ceiling, to say, how are we going to tell the people that we're going to pay off the debt that we have now gone ahead and incurred. i think a little bit of forethought here, planning into the future, how are we going to pay the bills, is the emphasis. and i have always greed as the gentleman said, the debt ceiling something that is something that is necessary. we will bring a bill forward. i do think that we should be mindful...
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Apr 11, 2013
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. >> on the debt ceiling, how do you see it playing out? you want it todo play out? >> the house is going to move a bill to give the treasury the ability to make interest payments, to make social security payments, in some particular fashion. our ur goal here is to put spending on a sustainable path. it isn't to default on our debt. the goal is to cut spending. i've made clear that until we get spending cuts and reforms that put us on a path to balance the budget in the next 10 years we're going to have fights. >> are you willing to have it turn out in 2011 again, to get to that level of suspense? >> i spent two and half years focused on this one issue in a big way. i think most you have understand my point to get this government to deal honestly with the spending problem. i've watched this government kick the can down the road and kick the can down the road. i swore to myself they would not do it and i'm not. briefing hner earlier. nancy pelosi had a briefing as well. >> tomorrow marks the 100th day of the 113th congress. i believe for the first 100 days he republic
. >> on the debt ceiling, how do you see it playing out? you want it todo play out? >> the house is going to move a bill to give the treasury the ability to make interest payments, to make social security payments, in some particular fashion. our ur goal here is to put spending on a sustainable path. it isn't to default on our debt. the goal is to cut spending. i've made clear that until we get spending cuts and reforms that put us on a path to balance the budget in the next 10...
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Apr 15, 2013
04/13
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ceiling once again approaches. indeed, it was made all the more worrisome by the house republican hearing yesterday that focus on the debt ceiling in terms of the possibility of prioritizing our obligations, obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you very much, mr. levitt. again, it's my pleasure to welcome secretary jack lew back to the committee on ways and means. we look forward to your testimony. the committee has received your written statement. it will be made a part of the formal record. secretary lew, you're recognized for five minutes. >> thank you, mr. chairman, and thank you, mr. chairman, ranking member levin, for your gracious welcome here today. it's an honor to appear and to visit the president's budget for next year. and i sit here as the chairman noted, surrounded by four decades of memories of many important occasions. when bipar
ceiling once again approaches. indeed, it was made all the more worrisome by the house republican hearing yesterday that focus on the debt ceiling in terms of the possibility of prioritizing our obligations, obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you very much, mr. levitt. again, it's my pleasure to welcome secretary...
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Apr 11, 2013
04/13
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the houseebt ceiling, will move now to put its priority in place. we will move now early to reassure people that america will pay its debts. we are serious about tackling our problems. affected sequestration your district? guest: it has not. people laugh when you talk government0-pound being forced to lose 10 pounds. closing local air-traffic towers. they think it is a small step in the right direction. host: was it a political victory for republicans? guest: it helped reassure americans that we were serious about making some small but important steps in the right lowerion, walking those levels in was important -- locking those lower levels in was import. i believe we have the political courage to get this done. we have laid out courageous steps on medicare and medicaid to solve those. the president is willing to take some small steps towards us. host: wallace is a republican in dallas. caller: good morning. thank you for taking my call. police officer and i collect revolvers. my comment for the representative is that i have been leery when the gove
the houseebt ceiling, will move now to put its priority in place. we will move now early to reassure people that america will pay its debts. we are serious about tackling our problems. affected sequestration your district? guest: it has not. people laugh when you talk government0-pound being forced to lose 10 pounds. closing local air-traffic towers. they think it is a small step in the right direction. host: was it a political victory for republicans? guest: it helped reassure americans that...